Denver Square Investment
For Sale
$1,050,000
1580 VINE Street, Denver, CO 80206
Six-unit apartment building in West City Park neighborhood.
Property Size4,840 SF
Price / SF$216.94
Days on Market504
Property Features for 1580 VINE Street
General Information
Standard status
Active
Size
4,840 SF
Taxes and HOA fees
Annual Taxes
$8,372
Building Details
Year Built
1896
Listing Agency:
MB CARE REAL ESTATE
Listed By:
TED PETERSON
(303) 779-7979
Source:
Corcoran
Added: May 29, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MB CARE REAL ESTATE
Investment Insights
Based on property information with market context.
Located in the West City Park neighborhood, this Denver Square building is configured as a six-unit apartment complex. The basement unit is currently uninhabitable and requires remodeling. Four tenants are long term, with all tenants on month-to-month leases by July 31, 2025. A coin-operated washer and dryer are located in the basement. A gas boiler was installed in 2015. Zoned G-RO-3, the property offers possibilities for short-term rental income, subject to zoning permit review. All utilities are included in the rents. The property is an investment opportunity that needs TLC but has great possibilities. The building has a size of 4840 square feet.
Key Highlights
- Excellent investment opportunity in popular West City Park (Wymans) Neighborhood.
- Zoned G‑RO‑3, offering possibilities for short term rental income (subject to zoning permit review).
- Large Denver Square made into 6 apartments.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,489
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,780
$1.5M
Cap Rate 7%
$1,049,843
$1.0M
Cap Rate 9%
$816,544
$816.5K
Market Conditions
NOI Build-Up for 4,840 SF
Gross rent
$142.3K $29.40/SF
− Vacancy
−$8.7K −$1.79/SF
EGI
$133.6K $27.61/SF
− OpEx
−$60.1K −$12.42/SF
NOI
$73.5K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,780
Cap Rate 7%
$1,049,843
Cap Rate 9%
$816,544
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$918.6K – $1.22M
NOI $73,489 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,852 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building in West City Park neighborhood.
Where is this apartment building located?
The property is located at 1580 VINE Street Denver, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Excellent investment opportunity in popular West City Park (Wymans) Neighborhood.; Zoned G‑RO‑3, offering possibilities for short term rental income (subject to zoning permit review).; Large Denver Square made into 6 apartments.
